Low Income (LIHTC)Waitlist Closed

Richard L Petersen (Council Bluffs Property)

765 Avenue D, Council Bluffs, IA, 51503

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

The Richard L Petersen property in Council Bluffs offers one low-income residential unit. The property was placed in service in 1987 and remains available in Pottawattamie County, Iowa.

Waitlist Information

Waitlist managed by Municipal Housing Agency of Council Bluffs

Public Housing Waitlist

Closed

Opened December 9, 2020

Apply: Multiple

Preferences include elderly, disabled, near-elderly, and low-income families residing within Council Bluffs, as well as those who work or have been hired to work there, and families displaced by disaster, government action, or domestic abuse.

Last verified April 13, 2026

Section 8 (HCV) Waitlist

Closed

Apply: Multiple

Preference points are given to elderly persons, persons with disabilities, and persons living or working in the city of Council Bluffs. Minimum rent is $50 per month.

Last verified February 13, 2026

Waitlist data provided by section8waitlist.org

Updated May 8, 2026

Property Details

Total Units

Fair Market Rent - Pottawattamie County, IA

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$895
1 Bedroom	$971
2 Bedroom	$1,170
3 Bedroom	$1,562
4 Bedroom	$1,733

Income Limits - Pottawattamie County, IA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $18,450
Very Low (50%): $30,750
Low (80%): $49,200

2 Persons

Extremely Low (30%): $21,100
Very Low (50%): $35,150
Low (80%): $56,200

3 Persons

Extremely Low (30%): $23,750
Very Low (50%): $39,550
Low (80%): $63,250

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $43,900
Low (80%): $70,250

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $47,450
Low (80%): $75,900

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $50,950
Low (80%): $81,500

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $54,450
Low (80%): $87,150

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $57,950
Low (80%): $92,750

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$18,450	$30,750	$49,200
2 Persons	$21,100	$35,150	$56,200
3 Persons	$23,750	$39,550	$63,250
4 Persons	$26,500	$43,900	$70,250
5 Persons	$31,040	$47,450	$75,900
6 Persons	$35,580	$50,950	$81,500
7 Persons	$40,120	$54,450	$87,150
8 Persons	$44,660	$57,950	$92,750

Tax Credit Program Details

Year Placed in Service

1987

Low-Income Units

1 / 1

Frequently Asked Questions

What is the average rent for affordable housing in Council Bluffs, IA?+

The Fair Market Rent (FMR) for Pottawattamie County, IA is: $895 (Studio), $971 (1BR), $1170 (2BR), $1562 (3BR), $1733 (4BR). Actual rent at subsidized properties like Richard L Petersen (Council Bluffs Property) is typically 30% of household income or less.

What are the income limits for affordable housing in Pottawattamie County, IA?+

For a 4-person household in Pottawattamie County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,900, Low Income (80% AMI): $70,250. These limits are set by HUD and updated annually.

Is there a waitlist for Richard L Petersen (Council Bluffs Property)?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Richard L Petersen (Council Bluffs Property)?+

Richard L Petersen (Council Bluffs Property) is managed by . You can reach them at .

How do I apply for housing at Richard L Petersen (Council Bluffs Property)?+

Richard L Petersen (Council Bluffs Property) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Begin Application Now